Northwest Pipe (NASDAQ:NWPX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $26.00 for the company and are anticipating that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 200 out of 255 based on the ratings given to related companies.
NWPX has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. DA Davidson restated a “buy” rating on shares of Northwest Pipe in a research report on Friday, March 2nd. Finally, ValuEngine upgraded shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th.
NWPX opened at $21.36 on Friday. The company has a quick ratio of 10.33, a current ratio of 11.87 and a debt-to-equity ratio of 0.01. Northwest Pipe has a 12 month low of $14.50 and a 12 month high of $22.00.
Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Thursday, May 3rd. The industrial products company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.05). Northwest Pipe had a negative net margin of 6.04% and a negative return on equity of 2.79%. The firm had revenue of $33.37 million during the quarter, compared to the consensus estimate of $31.00 million. analysts anticipate that Northwest Pipe will post 0.1 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC bought a new position in Northwest Pipe during the 4th quarter worth about $167,000. US Bancorp DE bought a new position in Northwest Pipe during the 1st quarter worth about $167,000. Wells Fargo & Company MN increased its holdings in Northwest Pipe by 153.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 7,871 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in Northwest Pipe during the 1st quarter worth about $329,000. Finally, Deutsche Bank AG increased its holdings in Northwest Pipe by 86.5% during the 4th quarter. Deutsche Bank AG now owns 21,679 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 10,056 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.
About Northwest Pipe
Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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